IDFC First Bank Ltd - Stock Valuation and Financial Performance

BSE: 539437 | NSE: IDFCFIRSTB | Bank - Private | Mid Cap

IDFC First Bank Share Price

61.72 -3.39 -5.21%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on IDFC First Bank

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

IDFC First Bank stock performance -

P/E Ratio (CD):
19.49
Market Cap:
45,178 Cr.
52-wk low:
59.2
52-wk high:
89.6

Is IDFC First Bank Ltd an attractive stock to invest in?

1. Is IDFC First Bank Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that IDFC First Bank Ltd is a average quality company.

2. Is IDFC First Bank Ltd undervalued or overvalued?

The key valuation ratios of IDFC First Bank Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is IDFC First Bank Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of IDFC First Bank Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of IDFC First Bank:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
IDFC First Bank Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Net Interest Income (₹ Cr.)002,0631,9733,4616,0127,3839,70812,63716,45518,241
YoY Gr. Rt. %-NANA-4.4%75.5%73.7%22.8%31.5%30.2%30.2%-
Total Income009,59710,21813,05617,96318,18020,34527,19536,25740,306
YoY Gr. Rt. %-NANA6.5%27.8%37.6%1.2%11.9%33.7%33.3%-
Adj EPS (₹ ) 0032.6-4-5.90.90.23.84.23.2
YoY Gr. Rt. %-NANA-14%-254.7%NANA-75.3%1685.7%10.9%-
BVPS (₹ )0043.244.938.13231.533.93945.650.2
YoY Gr. Rt. %-NANA3.9%-15.2%-15.9%-1.5%7.4%15.1%16.9%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)0010.8-1.3-1.80.30.11.21.10.7
To view Net NPA to Net Advances (%) Colour Rating Guide click here
Net NPA to Net Advances (%)001.11.71.30.91.91.50.90.6-
To view Capital Adequacy Ratio (%) Colour Rating Guide click here
Capital Adequacy Ratio (%)-----------

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest IncomeNA36.6%30.6%30.2%
Total IncomeNA22.7%25.9%33.3%
Adj EPSNANA69.8%10.9%
BVPSNA3.7%13.1%16.9%
Share Price - 7.3% 8.7% -30.2%

Key Financial Ratios

RATIOS \ YEARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Interest Earned / Total Income0089.3889.0493.4790.4187.8484.4183.5783.6484
Margins To view Margins Colour Rating Guide click here
NIM (%)0021.72.34.54.95.45.65.85.7
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)007.26.4-11.2-16.92.90.710.610.16.3
Liquidity Ratio To view Liquidity Ratio Colour Rating Guide click here
CASA (%)005.111.812.932.251.848.449.747.3-

Recent Performance Summary

Total Income has increased 25.87 CAGR in last 3 years

Net Profit has increased 69.78 CAGR in last 3 years

Net NPA to Net Advances has declined versus last 3 years average

Return on Equity has declined versus last 3 years average to 6.60%

Total income growth is poor in last 4 quarters

Latest Financials - IDFC First Bank Ltd.

Standalone Consolidated
TTM EPS (₹) 3.2 3.2
TTM Sales (₹ Cr.) 33,844 33,846
BVPS (₹.) 50 50.2
Reserves (₹ Cr.) 28,717 29,396
P/BV 1.23 1.23
PE 19.46 19.49
From the Market
52 Week Low / High (₹) 59.24 / 89.60
All Time Low / High (₹) 17.75 / 100.74
Market Cap (₹ Cr.) 45,178
Equity (₹ Cr.) 7,319.8
Face Value (₹) 10
Industry PE 17.7

Quarterly Results

 Dec'23 YoY Gr. Rt. %Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %
Net Interest Income (₹ Cr.)4,287 30.54,471 24.34,695 25.34,788 21.2
Interest Earned (₹ Cr.)7,880 33.38,220 288,789 288,957 21.8
Total Income (₹ Cr.)9,396 339,863 26.110,363 25.910,684 21.9
Adj EPS (₹)1 5.11 -15.50.9 -17.30.3 -74.8
NIM (%)0.00 -0.00 -0.00 -0.00 -
Net NPA to Net Advances (%)0 -0 -0 -0 -
CASA (%)0.00 -0.00 -0.00 -0.00 -

Management X-Ray of IDFC First Bank:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:35.37%Institutions:34.83%Non-Institutions:29.81%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Jun22Sep22Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep240%10%20%30%40%50%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of IDFC First Bank

MRP
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MOS
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DP
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Base BVPS
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DPS
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MRP: ₹ 0
DP: ₹0
Base BVPS ₹:
DPS ₹:
MOS (%):
Save my Valuation
Expected BVPS Growth Rate:
0%
Base 0%
30%
Expected Rate of Return:
0%
Base 0%
30%
Future PBV:
0
Base 0
40
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

Key Ratios of IDFC First Bank

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
IDFC First Bank 61.7 -3.4 (-5.2%) Mid Cap 30,325 3.2 9.7 20.6 1.3
Yes Bank 19.8 -0.5 (-2.6%) Mid Cap 27,586 0.6 4.5 36.7 1.4
IDBI 76.1 -1.8 (-2.3%) Mid Cap 26,446 6.3 21.8 12.4 1.8
Federal Bank 194.1 -6.9 (-3.4%) Mid Cap 23,565 16.8 16.7 11.9 1.5
AU Small Fin. Bank 536.8 -12 (-2.2%) Mid Cap 1,429 24.3 53.2 22.6 -

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Income 9,59710,21813,05617,96318,18020,34527,19536,257
Interest Income 8,5789,09812,20416,24015,96817,17322,72830,325
Other Income 1,0191,1208521,7222,2113,1734,4675,932
Expenditure 8,5359,26314,93620,80617,69620,21324,71033,314
Interest Expense 6,5157,1268,74310,2288,5857,46510,09113,870
Operating Expenses 1,3321,7976,0915,7657,0539,59712,10816,148
Provisions6873401024,8132,0583,1512,5113,296
Profit Before Tax1,5141,135-3,210-2,3465191753,3313,857
Taxes 451180-1,3304983643846915
Profit After Tax 1,063955-1,880-2,8434831322,4852,942
Adjusted EPS (₹)3.002.58-3.99-5.910.850.213.754.16
Dividend Payout Ratio (%)25%29%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Share Capital 3,3993,4044,7824,8105,6766,2186,6187,070
Total Reserves 11,27711,87013,41810,59412,22414,84819,19225,145
Minority Interest00000000
Deposits40,09848,03970,35465,07988,5361,05,5401,44,4702,00,570
Borrowings 50,26257,28769,98357,39745,78652,96357,21250,936
Other Liabilities 7,0285,7818,56311,27910,85010,57812,39012,489
Total Liabilities 1,12,0641,26,3821,67,0991,49,1591,63,0721,90,1462,39,8822,96,210

Assets

Balance with RBI 2,9953,0214,1013,3484,67011,28110,56210,988
Balance with Banks2,1451,8565,4258141,1044,4213,2161,493
Investments 50,16460,90458,24545,17445,18245,93560,91374,500
Advances 49,40252,16586,30285,5951,00,5501,17,8581,51,7951,94,592
Net Block 7937979409991,2311,3081,9142,580
Other Assets6,5607,63612,05113,15310,2719,26411,26311,962
Total Assets 1,12,0641,26,3821,67,0991,49,1591,63,0721,90,1462,39,8822,96,210

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 14,128-5,97817,36410,96614,0422,6793,56311,543
Cash Flow From Investing Activity -4,918-1,027-1,365-3,790-2,833-2,960-11,996-9,887
Cash Flow From Financing Activity -6,9746,742-12,220-12,539-9,59810,2116,509-2,954
Net Cash Flow 2,236-2633,779-5,3631,6109,929-1,924-1,298
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Operational & Financial Ratios

EPS (₹)33-4-61044
DPS (₹)11000000
BVPS (₹)4345383232343946

Margin Ratios

Yield on Advances (%)17.417.414.119.015.914.615.015.6
Yield on Investments (%)7.77.36.89.58.16.95.85.8
Cost of Liabilities (%)7.26.86.28.46.44.75.05.5
NIM (%)2.01.72.34.54.95.45.65.8
Interest Spread (%)10.210.77.910.69.59.910.010.1

Performance Ratios

ROA (%)1.00.8-1.3-1.80.30.11.21.1
ROE (%)7.26.4-11.2-16.92.90.710.610.1
ROCE (%)10.38.22.03.96.44.99.29.1

Efficiency Ratios

Cost to Income Ratio (%)43.258.1141.274.573.574.570.872.1
Operating Costs to Assets (%)1.21.43.63.94.35.15.15.5

Valuation Parameters

Price/Book(x)1.41.11.50.71.81.21.41.7

IDFC First Bank Ltd Stock News

IDFC First Bank Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of IDFC First Bank on 20-Dec-2024 16:59 is ₹61.72.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of IDFC First Bank stood at ₹45,178.
The latest P/E ratio of IDFC First Bank as of 20-Dec-2024 16:59 is 19.46.
The latest P/B ratio of IDFC First Bank as of 20-Dec-2024 16:59 is 1.23.
The 52-week high of IDFC First Bank is ₹89.60 and the 52-week low is ₹59.24.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of IDFC First Bank is ₹33,844 ( Cr.) .

About IDFC First Bank Ltd

IDFC First Bank Ltd. was formed with the merger between erstwhile Capital First and erstwhile IDFC Bank. It is a banking company. The Bank's segments include treasury, corporate/wholesale banking, retail banking and other banking business.

Business area of the bank

The business of the bank is divided into various segments: Treasury, Corporate / Wholesale Banking, Retail Banking Business and Other Banking Business. These segments have been identified and reported taking into account, the target customer segment, the nature of products, internal business reporting system, transfer pricing policy approved by Asset Liability Committee (ALCO).

Treasury- the treasury segment primarily consists of Bank’s investment portfolio, money market borrowing and lending, investment operations and entire foreign exchange and derivative portfolio of the Bank. Revenue of treasury segment consist of interest income on investment portfolio, inter segment revenue, gains or losses from trading operations, trades and capital market deals. The principal expenses consists of interest expenses from external sources & on funds borrowed from inter segments, premises expenses, personnel cost, direct and allocated overheads.

Corporate / Wholesale Banking- the wholesale banking segment provides loans, non-fund facilities and transaction services to corporate relationship not included under Retail Banking, and syndication. Revenues of the wholesale banking segment consists of interest earned on loans to customers, inter segment revenue, interest / fees earned on transaction services, earnings from trade services, fees on client FX & derivative and other non-fund facilities. The principal expenses of the segment consists of interest expense on funds borrowed from internal segments, premises expenses, personnel costs, other direct overheads and allocated expenses of delivery channels, and support groups.

Retail Banking-  Retail Banking constitutes lending to individuals / business banking customers through the branch network and other delivery channels subject to the orientation, nature of product, granularity of the exposure and the quantum thereof. Revenues of the retail banking segment are derived from interest earned on retail loans, inter segment revenue and fees from services rendered, fees on client FX & derivative. Expenses of this segment primarily comprise interest expense on deposits & funds borrowed from inter segments, commission paid to retail assets sales agents, infrastructure and premises expenses for operating the branch network and other delivery channels, personnel costs, other direct overheads and allocated and support groups.

Other Banking Business- This segment includes revenue from distribution of third party products.

Products and services of the bank

Wholesale Banking

Wealth Management

Personal Banking

  • Savings Account 
  • Deposits 
  • Loans 
  • Investment 
  • Insurance 
  • Ways to Bank 
  • Payments 
  • Cards 
  • Forex

Business Banking

  • Accounts & Deposits 
  • Cash Management Services 
  • Loans 
  • Business Investment Solutions 
  • Trade Forex Services 
  • Ways to Bank 
  • Cards

Awards

  • Most Promising New Bank in India 2019 by Capital Finance International (CFI).
  • CNBC Awaaz Entrepreneur of the Year Award, 2019.
  • Prestigious Brands of India 2020 by Herald Global and BARC Asia.

Milestones

2020

  • IDFC First Bank, Bajaj Finance and Vivo have entered into partnership to waive dealer charges paid by retailers for selling devices under installment schemes.
  • IDFC FIRST Bank has opened its MBA Scholarship programme for the batch of 2020-2022, as part of its Corporate Social Responsibility (CSR).
  • DFC First Bank has launched video KYC facility so that customers can open savings accounts without the need to visit a branch office.
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